Toronto, Ontario--(Newsfile Corp. - June 27, 2023) - Resouro Gold Inc. (TSXV: RAU) ("Resouro" or the "Company") is pleased to announce that it has increased the size of its brokered private placement of common shares of the Company ("Shares") at a purchase price of $0.15 per Share as previously announced on May 23, 2023, such that the Company now intends to issue 13,333,333 Shares for aggregate gross proceeds of up to $2,000,000 (the "Offering").
The net proceeds from the Offering will be used to advance exploration on the Company's Tiros Titanium-REE Project and Novo Mundo Gold Project in Brazil and for general working capital purposes.
Closing of the Offering is expected to occur shortly and is subject to certain customary conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the United States.
About Resouro Gold Inc.
Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais. Learn more about the Company on its website: https://resouro.com.
On behalf of the Board of Directors,
Chris Eager, President & CEO
RESOURO GOLD INC.
For further information, please contact the Company at:
Chris Eager, CEO
chris.eager@resouro.com
For Investor inquiries
nick@grovecorp.ca
416-642-1807
Disclaimer
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the titanium- REE project acquisition, closing of the Offering, expected terms of the Offering, the number of securities of Resouro that may be issued in connection with the Offering, and the parties' ability to satisfy closing conditions and receive necessary approvals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.